Forget frankincense and myrrh, gold will be the star commodity to follow in 2012, predicts Wall Street giant Goldman Sachs, writes Rob Davies

The yellow metal will peak at $1,900 per ounce next year, the bank said, forecasting an annual average of $1,810

Among the catalysts it pointed to were the continuing environment of low interest rates, low risk appetite and limited supply of the precious metal


Goldman’s forecast of further rises in the gold price signals a second consecutive record year for the commodity, seen as a safe haven investment in times of economic turmoil